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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~21d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+21.91%
7d Period Avg+16.13%
swing±42.69%
LONG Bybit · nowSAMSUNGUSDT
−21.91%
7d avg:−16.13%
SHORT Phemex · nowSAMSUNGUSDT
+0.00%
7d avg:+0.00%
Entry Spread Now
−0.033%
Eaten by executionL 209.1400 · S 209.0700−$3.35 if it converges
24h range −0.08%…+0.13% · median +0.07%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$94.89
−0.95%
$Avg Daily PnL
+$4.42
+0.0442%
★Best Day
+$16.41
Sep 23
◎Open Interest
⚡Funding APR
+16.12%
annualized · funding only
⚠Execution Cost
−$125.81
entry + exit fees
⏱Payback
28.5d
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$125.81 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.